Daniel Miller
Why do more people not use principal reduction???
I have a $150,000 equity line that I can borrow from. I have two properties that I am currently looking at. Property A is a 13 unit apartment complex and Property B is a 5 unit apartment complex.
Property A i...
Brian Garlington
Potential Renter asking for additional cleaning/painting be done
I'd like to get feedback from the forum as to this situation and how I've answered her.....I have a potential renter that has gone through the background check successfully, and I've talked to her previous landlords a...
Deborah Wodell
Thoughts on Using DSCR Loans
Hi fellow investors,
I’ve been hearing a lot about DSCR (Debt Service Coverage Ratio) loans lately, especially in the context of long-term buy-and-hold investments. For those of you who’ve used DSCR loans, I’d love t...
Sahara Faughn
Please advise - Covid-19 partial claim, Preforeclosure auction and home sale
I am currently in Preforeclosure with a scheduled auction on August 20th, and I am under a special forebearance due to medical issues and having 2 small children under the age of 7. I found a buyer for my home, got a ...
Nate Wong
Having problem with contractor again. please comment
I hired a general contractor for replacing roof, remodel kitchen and bathroom along with painting and some other work. the whole project is about $ 65k which include materials and labor with a payment schedule . he's ...
Paul Cordero
Can a seller deny offers financed by certain banks?
I preapproved a borrower to put in an offer, but the listing agent denied the offer because it was from a big bank. There is a misconception that my bank won't finance a "flip" transaction. Our guidelines clearly st...
Chris LeMay
Tenant Backed out 2 hours before handing them the keys?
Need some guidance on this one as this is a first for me. Here is the situation....We purchased a condo on Jan 16th. We found tenants and they have signed a 12 month lease. They were scheduled to move in yesterday ...
Bhanu P.
Seller is refusing to sign Earnest money release form
I am in State of Texas and we signed TREC Contract.In Section 7.B.2, we checked the box and the contract is executed, earnest money was left with title company. the text in that contract is below.Buyer has not receive...
Cody Barrett
Why I filed for a LLC. Only own 1 property too.
One popular question on BP is the question of "should I file for a LLC" or "Do I need one?"I definitely do not have that answer because everyones intentions, needs, and goals are different. But... I decided to file f...
Scott J.
Tenant always pays late, but takes excellent care of property
I have a SF rental with tenants that have been there for about a year and a half. It is a very nice family who takes absolutely immaculate care of the property. The carpet still looks brand new! The problem is that it...